Is there a statute of limitations for a loan made to a family member? Arizona
Kingman, AZ
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Posted 6 months ago in Debt Collection
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My brother owes me $6000.00. After he borrowed the money he refused my calls and hid from me and other family members. I have proof that I helped him pay off his credit cards, but he has refused to pay me back. Now, 8 years later, he has come out from hiding, and says that the statute of limitations has expired.
Have I lost my chance to collect because he intentionally disappeared long enough for the statute of limitations to expire? Does the law really protect a person who hides from their responsibility --- even when it is family? - Is this your question? Add additional information Answers (1)Lu Ann Trevino
This attorney is licensed in Texas.
Posted 6 months ago.
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I am not licensed to practice law in your state.
These comments are made for educational purposes only and do not constitute legal advice. No attorney-client relationship exists between us. The statute of limitations for a written contract is 6 years and 3 years on oral contracts. Unfortunately, you have lost your chance to sue. If you can get him to admit he owes the debt, you might be able to re-start the calendar for another 3 years. Next question: right to bear arms ?? Previous question: Can a realtor show an occupied house without prior notice? |